If you have a marginal credit score (perhaps with a few late payments or defaults in the past), a higher debt ratio, and a smaller down payment, you are more likely to encounter a cash-reserve requirement. The lender will view you as a higher risk, and will take measures to minimize their exposure such as requiring more money fixed rate personal loan rates the bank at closing. Almost all jumbo loans (above conforming loan limits) have significant cash-reserve requirements.

Im not sure if you fall into this category or not. You didnt say how big your loan will be. A MarketWatch article from earlier this year revealed that most lenders are requiring at least 12 months worth of cash reserves for second mortgage personal loan loans.

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